- "logging changes": https://github.com/owncloud/core/commit/eea96298951805dfc6eb... vs https://owncloud.org/security/advisory/?id=oc-sa-2014-020
- ownCloud is a PHP application with quite a few third-party modules of varying quality. Looking at the security history of Wordpress, it's not hard to imagine what's going to happen.
- The maximum bug bounty for ownCloud is 500 USD. I think my data easily exceeds that.
- From what I've heard, security fixes are provided to enterprise customers first, so if you're lucky your adversary is one of them and knows about vulnerabilities way ahead of you.
To their credit, ownCloud openly publishes security advisories for every vulnerability, but I still think it's architecturally designed to fail. Exposing this to the internet is probably a bad idea. If you just need storage, you probably should just use dumb storage. If you need project management stuff and care about privacy, maybe look at https://protonet.info/ or something along those lines. Also https://www.boxcryptor.com is really nice - the Dropbox desktop client does proper cert pinning (ownCloud doesn't) at least.
Other than that, storage connected to a raspi via USB will probably yield rather bad transfer speeds?